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LinkedIn is a social networking site geared toward
Price Taker
An economic term referring to a company or an individual that cannot control the market price of its product and must accept the prevailing market price.
Total Revenue
The aggregate revenue a corporation generates from sales or services in a given time frame.
Economic Profits
The profit a company makes after accounting for both the explicit costs of production and the opportunity costs of capital.
Long Run
A period in which all factors of production and costs are variable, typically allowing for full adjustment to changes.
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